Acquisition and development of land for resettlement of certain undertakings 31A

1

The Executive’s power to acquire land under Article 87 shall be exercisable for the purpose of resettling a relevant undertaking.

2

The Executive shall not acquire compulsorily for the purpose mentioned in paragraph (1) any land of an undertaking which is in use for the purposes of the undertaking, if the undertaking provides employment which is significant having regard to the extent of the land and the nature of the undertaking.

3

The Executive may, for the purpose mentioned in paragraph (1)—

a

appropriate any land vested in it;

b

develop any land to which this sub-paragraph applies, whether by the erection or extension of buildings, the carrying out of works, the provision or facilitation of the provision of means of access, services or other facilities, or otherwise;

c

enter into an agreement with any person for the development in any manner described in sub-paragraph (b) of any land to which this sub-paragraph applies.

4

Sub-paragraphs (b) and (c) of paragraph (3) apply to—

a

any land appropriated by the Executive under sub-paragraph (a) of that paragraph; and

b

any land acquired by the Executive for the purpose mentioned in paragraph (1).

5

For the purpose of enabling a person carrying on a relevant undertaking to purchase or take on lease any land or to erect any buildings, the Executive may advance money by way of mortgage to that person.

6

In this Article—

• “relevant undertaking” means an undertaking which is being carried on on land which is being or has been acquired by the Executive under Article 87;

• “undertaking” means any trade or business or other activity providing employment.